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  • SEC Chair Gensler: - Working with Congress on crypto would help - A large number of crypto investors could be harmed
  • Pre-FOMC US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/21/Pre-FOMC-US-Dollar-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD-USD-JPY-USDJPY.html https://t.co/Vyj5hwVXpi
  • The big question is whether the Fed announces taper tomorrow or whether they punt that announcement to the November rate decision, waiting for employment data to improve to the point of ‘significant further progress. More market update from @JStanleyFX :https://t.co/tPoLyqNFc1 https://t.co/o3ES0KKlWr
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  • feels like we haven't had one of these in quite a while https://www.dailyfx.com/webinars/643096611 Pre-FOMC Price Action Setups, starting right at 1pm, top of the hour 1. USD PA setups 2. Evergrande worries 3. Stonks - fly or die? https://t.co/VF15XbuuJS
  • That all said, staying patient and not chasing is prudent here imo. Tomorrow will likely be better for assessing short-term directional bias (China markets open again following holiday, post-FOMC).
  • Also, S&P Global put out a report overnight that said China would likely step in to curb “far-reaching contagion” re: Evergrande. The House is scheduled to vote on a stopgap funding bill Tuesday, which might be alleviating some investor angst around the debt ceiling as well.
  • Encouraging we recoiled higher off yesterday’s closing level. Could the pre-FOMC drift be at work? Markets were priced for potential hawkish shift and increased odds of taper timeline announcement. Perhaps seeing an unwind of that in light of recent market developments.
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  • USD/CAD snaps the recent series of higher highs and lows after struggling to test the August high (1.2949). Get your $USDCAD market update from @DavidJSong here:https://t.co/chaVL0iSIQ https://t.co/Bj7emg2s8n
Forex Strategy Video: GBPUSD and AUDJPY - Short-Term vs Long-Term Setups

Forex Strategy Video: GBPUSD and AUDJPY - Short-Term vs Long-Term Setups

John Kicklighter, Chief Strategist

Talking Points:

  • While short-term and long-term trading strategies share many traits, there are also key differences
  • Fundamentals, technicals, time frames and stop/target buffers differ between the two time frames
  • The easiest way to assess your trading time frame is to simply check what frequency charts you use

Sign up for John’s email distribution list, here.

Can a single strategy be successfully applied to both a daily and hourly chart? While many of the principles that we practice in our trading are consistent regardless of our time frame, there are certain aspects that require a particular approach to develop a successful strategy. In today's Forex Strategy video, we use GBPUSD and AUDJPY to illustrate the different use of fundamentals, technicals and positioning depending on the time frame we trade on.

New to Forex? Watch this Forex introduction video.

Find the same event risk discussed in today's video using the DailyFX Economic Calendar.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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